Howmet Aerospace (HWM) will need to boost the production of parts used in engines of Boeing (BA) and Airbus during 2025, the company's Chief Executive John Plant said Friday at a conference.
"I think we're going to have to take [original equipment] production up this year," Plant said, according to a FactSet transcript.
Howmet also expects to see an uptick in fasteners demand after a February fire incident at an SPS Technologies factory in Pennsylvania affected fasteners inventory.
Plant said the company already has three customers for fasteners, with "lots more to bid."
The comments come on the heels of Boeing CEO Kelly Ortberg's statement that the company plans to increase its production of 737 jets to 47 per month by late 2025.
Price: 169.89, Change: -0.20, Percent Change: -0.12
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。